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Consider the following cash flows: End of Month 1 2 3 4 5 6 Cash Flow $1,000 $800 $1,200 $900 $200 $700 If the discount
Consider the following cash flows:
| End of Month | 1 | 2 | 3 | 4 | 5 | 6 |
| Cash Flow | $1,000 | $800 | $1,200 | $900 | $200 | $700 |
If the discount rate is 7 percentcompounded monthly, what is thepresent valueof the cash flows?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
